Rotork PLC — Director's Dealing 2023

Mar 7, 2023

National Storage Mechanism | Additional information

RNS Number : 1562S

Rotork PLC

07 March 2023

7 March 2023

Rotork plc (the 'Company')

Notification of transactions

by Persons Discharging Managerial Responsibilities ("PDMR")

The following disclosures are given in fulfilment of the Company's obligations under DTR 3.1 and the UK version of EU Market Abuse Regulation.  The Company provides notification of the following transaction, effected on 3 March 2023 outside of a market venue, relating to the below named Executive Director and his respective interests in the ordinary share capital of the Company (ISIN: GB00BVFNZH21). 

The transaction arises from the vesting of a conditional award over shares granted to Jonathan Davis on 3 March 2020 under the Company's Deferred Annual Bonus Plan relating to the three-year deferred element of his 2019 annual bonus (and subsequent dealing to discharge the tax and social security liability arising), with the balance of the shares being retained in the name of Mr Davis' spouse.

1

Details of the person discharging managerial responsibilities / closely associated person

a)

Name

Jonathan Davis

2

Reason for the notification

a)

Position/status

Group Finance Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Rotork plc

b)

LEI

213800AH5RZIHGWRJ718

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary 0.5p shares

Identification code

ISIN GB00BVFNZH21

b)

Nature of the transaction

Acquisition of 28,511 shares (including 1,767 dividend equivalents) upon the vesting of a conditional award over shares granted on 3 March 2020 under the Company's Deferred Annual Bonus Plan. A total of 13,401 shares were sold to cover Mr Davis' income tax and social security liabilities on vesting and were purchased by Rotork's Employee Benefit Trust at the price of £3.2760, being the closing price for a share on 2 March 2023.  The net 15,110 shares retained will held in the name of Jonathan Davis' spouse, a Person Closely Associated with him as defined under the Market Abuse Regulations ('MAR').

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
Per share	£3.2760	13,401
Aggregated	£43,901

d)

Date of the transaction

2023-03-03

e)

Place of the transaction

Outside a trading venue.

The Company can confirm that the above named PDMRs has complied with his obligation to notify the Financial Conduct Authority of the above transactions as required under the UK version of the EU Market Abuse Regulation.

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Rotork contact and telephone number for enquiries:

Stuart Pain, Group General Counsel &  Company Secretary	Tel:  +44 (0)1225 733 200

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